Your Closing Costs
"Closing Costs" are the fees which pay for the various services involved in the sale of a house. Buyers & sellers almost always negotiate to determine who will pay different portions of these costs.
Many of the closing costs associated with buying a home are associated with getting a mortgage loan. Since Sky Apply Mortgage, Inc has extensive experience with mortgages & closings, we can help you understand your closing costs.
Loan Estimates (LEs)
Buyers get a "Loan Estimate" of closing costs at the time the loan application is submitted to the lender. The cost estimate is based on our past experience. Please note that while our LEs are very accurate, we cannot always predict costs to the penny. We handle buyers' questions about these costs every day at Sky Apply Mortgage, Inc, so please feel free to ask if you have questions.
We've provided a general list of closing costs below, but we will give you a specific list of closing costs, with amounts, soon after you have completed your application. At Sky Apply Mortgage, Inc, we don't believe in surprises, so if your costs change, we'll be sure to let you know immediately.
Standard Closing Costs
Loan-Related Costs
- Points — A fee paid to lower your mortgage interest rate (optional)
- Appraisal Costs
- Credit Report
- Interest Payment
- Escrow Fees
- Various Taxes
- Loan-related costs
Property Taxes
- Transfer Taxes & Recording Fees
- Insurance
Homeowners Insurance
- Private Mortgage Insurance (PMI)
- Title Insurance
- Flood or Quake Insurance if applicable
At Sky Apply Mortgage, Inc, we answer questions about closing costs every day. Give us a call at (813) 200-7931.